What's News

BUSINESS & FINANCE

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Apple has cut its orders for components for the iPhone 5 due to weaker-than-expected demand, a move that comes as the company faces greater challenges from Samsung and other makers of smartphones powered by Google's Android operating system.

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Some signs suggest the possibility of a long-awaited shift among investors into stocks, driven in part by growing nervousness that bond yields are dangerously low.

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Subfreezing temperatures in parts of California are threatening to damage the state's $2 billion-a-year citrus industry and have forced farmers to adopt emergency measures.

WORLD-WIDE

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France stepped up strikes on Islamist rebels in Mali. Fighter jets from France attacked northern territories controlled by Islamist groups in response to an appeal by Mali's president. Nigeria sent several hundred soldiers to aid the French effort and neighboring states also promised to send troops. The U.S. moved toward offering limited support for the campaign. Foreign governments fear Mali could become a sanctuary for militants determined to strike foreign targets.

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An Egyptian court ordered retrials for Mubarak and his interior minister over their roles in the deaths of protesters and reopened trials for nine co-defendants who had been acquitted.

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The Treasury could be forced to delay trillions of dollars in government payments if Congress fails to raise the borrowing limit.